Bitcoin failed to maintain the downward trend line or may test the 112000 USD support again.

[Crypto World] According to reports, an institution released a chart today stating, "Bitcoin's recent decline failed to hold the downward trend line, which differs from our previous expectations. The current downward extent is expected to be limited, but ahead of the Fed's September interest rate meeting, market sentiment is becoming cautious, and the coin price may test the 112,000 USD support level again. The Jackson Hole meeting is expected to provide little substantial signals, leaning more towards academic exchange, making it difficult to sway the market. Currently, the real catalyst that the market is focused on is the FOMC meeting on September 17. Technically, Bitcoin is hovering in the range of 112,000 to 117,292 USD, offering traders two strategies: to chase the price when breaking upward or to build a position again when the price falls back to around 112,000 USD, based on the first occurrence."